Rackspace Hosting ( RAX) was downgraded at Wells Fargo to market perform. Impacting the company is cloud computing, which is somewhat cannibalizing managed hosting growth, as are reduced bandwith prices, Wells Fargo said. Valuation range is now $47 to $52.

Yahoo! ( YHOO) was initiated with a buy rating at UBS. Potential monetization of its Asian Internet holdings drive the rating, the core business is viewed as having a fair value, UBS said. Price target is $27.

STOCK COMMENTS/EPS CHANGES

Apple ( AAPL) was cut from the Conviction Buy List at Goldman Sachs. New products are not driving continued growth, Goldman said. $575 price target.

Actavis ( ACT) estimates, target were boosted at Morgan Stanley. Shares are now seen reaching $101. Estimates were also increased, following the generic Pulmicort settlement, Morgan Stanley said. Overweight rating.

Biogen ( BIIB) price target and estimates were increased at Bernstein. Estimates were increased to account for a higher-than-expected price for recently approved Tecfidera, said Bernstein. Price target was increased to $201.

Sandisk ( SNDK) estimates, price target were increased at Nomura. Estimates were raised through 2014. Company is seeing higher demand and is leveraged to a weaker yen, Nomura said. Buy rating and new $60 price target.